Ethan Allen Interiors Inc Stock Price, News & Analysis

Ethan Allen Interiors Inc. (NYSE: ETD) announced the election of María Eugenia (Gina) Casar to its Board of Directors on January 25, 2022. Casar brings extensive expertise in finance and ESG, having served in senior roles at the United Nations and various organizations. The Board also declared a quarterly cash dividend of $0.29 per share, payable on February 23, 2022, to shareholders of record by February 8, 2022. CEO Farooq Kathwari expressed confidence in their growth potential, thanks to their skilled team and strong distribution network.

Ethan Allen Interiors Inc. (NYSE: ETD) will release its financial results for fiscal 2022 Q2 on January 27, 2022, after market close. A conference call to discuss these results will take place at 5:00 PM ET the same day, accessible via the company’s Investor Relations website. Ethan Allen is a premier home furnishings brand, known for its vertically integrated model from design to delivery, with 75% of products made in North America. The company operates nine manufacturing facilities in the U.S., Mexico, and Honduras.

Ethan Allen Interiors Inc. (NYSE: ETD) has announced key leadership promotions to enhance its operations. Corey Whitely has been elevated to Executive Vice President of Operations, overseeing manufacturing, logistics, and technology. Amy Franks has been promoted to Executive Vice President of Retail Network & Business Development, while Matthew McNulty is now Senior Vice President, Treasurer, and Chief Financial Officer. The company's Chairman, Farooq Kathwari, emphasized their 90 years of consistent profitability, attributing success to a unified brand and a talented team across various sectors.

Ethan Allen Interiors Inc. (NYSE: ETD) declared a quarterly cash dividend of $0.29 per share, a 16% increase from previous payouts. The dividend will be paid on January 5, 2022 to shareholders recorded as of December 14, 2021. Chairman Farooq Kathwari emphasized the company's robust balance sheet and operational success as key factors for this decision. The company anticipates continued growth in sales and profitability due to its talented team, strong retail network, and vertical integration, with 75% of products made in North America.

Ethan Allen has reported strong financial results for the first quarter of fiscal 2022 ending September 30, 2021. Sales jumped by 20.7% to $182.3 million, with retail net sales increasing 31.3%. The company achieved a gross margin of 59.9% and an operating margin of 15.0%. Diluted EPS rose to $0.79, a 113.5% increase from last year. Additionally, Ethan Allen paid a special cash dividend of $0.75 per share and a regular dividend of $0.25 per share, ending the quarter with $93.7 million in cash and no debt.

Ethan Allen Interiors Inc. (NYSE: ETD) will announce its fiscal 2022 first-quarter results on October 27, 2021, after market close. A conference call for analysts will follow at 5:00 PM ET, which will be accessible via the Company’s Investor Relations website. Ethan Allen is a premier interior design firm and retailer with around 300 design centers globally and a significant online presence. It operates nine manufacturing facilities in North America, producing about 75% of its products domestically.

Ethan Allen Interiors Inc. (ETD) has reiterated its dedication to maintaining and expanding its North American manufacturing workshops, actively recruiting employees despite rising costs. CEO Farooq Kathwari highlighted the company's strategy of in-house production as a competitive advantage. In response to labor shortages and escalating expenses, Ethan Allen raised its starting wage to $16.00 per hour. The company emphasizes the importance of attracting skilled labor while managing costs associated with state taxes and electricity. These efforts aim to strengthen its workforce and support continued growth in Vermont.

Ethan Allen Interiors Inc. has reaffirmed its commitment to enhance its North American workshops, focusing on customization and quality products despite rising manufacturing costs. The company is actively recruiting new employees in Vermont and has increased starting wages to $16.00 per hour to attract talent. CEO Kathwari highlights that maintaining production in Vermont is crucial for growth, though challenges like labor shortages and escalating costs remain. Ethan Allen continues to invest in technology and emphasizes its strong brand and community ties.